Meir Elfassy's MJ Ocean LLC Acquires SFR In Golden Beach For $5.7M
SOLD
$5,700,000
+ 3
Florida
See Similar DealsSingle Family Residence5,389 SF
Sold 12/30/2020
SOLD
Meir Elfassy's MJ Ocean LLC Acquires SFR In Golden Beach For $5.7M
407 Ocean Boulevard, Golden Beach, FL, USA
See Similar DealsSingle Family Residence5,389 SF
Sold 12/30/2020
+ 3
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,057
Total Square Footage:5,389 SF
Transaction Type:Sale
A single-family home located at 407 Ocean Boulevard in Golden Beach was recently sold for $5,700,000. The property spans 5,389 square feet, resulting in a price per square foot of $1,057. The transaction took place on December 30, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,700,000
- Address: 407 Ocean Boulevard
- Market: Golden Beach
The buyer of the property was Meir Elfassy, who acted as the manager of MJ Ocean LLC. On the other hand, the seller was Marie-Christine Solal, the manager of 407 Ocean LLC. Representing the buyer were Eli Eskenazi from EP Realty Group Inc., Jon Mann from Coldwell Banker, and Danielle Elfassy from ONE Sotheby's International Realty. The seller was represented by Robert Burstein from ONE Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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